Société Générale

Hebei-based steelmaker HBIS Group raised $300m from a bond this week ahead of an April maturity. It hit the market when investor confidence was shaken by recent and upcoming defaults from China.

Société Générale has become the latest firm to join Spire, the multi-dealer structured note platform.

Russian steel maker Metalloinvest has raised its third syndicated loan of the year, according to bankers. The deal has a fixed rate.

Italgas, the Italian gas distributor, issued a €500m 12 year bond on Monday, although syndicate bankers said they expected deal flow to diminish to a trickle over the week.

Spain’s FCC Servicios Medio Ambiente and Deutsche Telekom raised euro bonds on Wednesday, in what corporate bond bankers reckoned was the last clear issuance window of the year.

Intesa Sanpaolo and BNP Paribas hurried to make use of strong market conditions this week, building blowout order books for a pair of new senior deals in socially responsible formats.

Islamic Development Bank took €1bn out of the euro market on Wednesday, as it made its green sukuk debut with investors.

Two senior French equity capital markets and coverage bankers who left Société Générale two months ago have joined arch-rival BNP Paribas.

Thailand’s state-owned PTT Exploration and Production Public Co ended a two-year hiatus from the offshore bond market this week with a $650m deal, taking advantage of the low rate environment to extend its maturity profile to 40 years.

Switzerland’s Mercuria has signed a $1.9bn revolving credit facility through its US arm, with the commodity trading company scaling back lender commitments.

Commodities company Mercuria has closed its annual borrowing at a size of $1.2bn after 24 banks joining the deal during general syndication.

High grade companies stormed the European bond market with an array of tranches on Wednesday, and investors snapped up the trades, despite it being so late in the year.